Cash remittances coursed through Philippine banks rose by 2.0% year-on-year in April 2026, reaching USD 2.72 billion from USD 2.66 billion in the same month a year earlier. Remittances from both land-based and sea-based workers increased, with inflows from land-based workers up 2.12% and those from sea-based workers higher by 0.59% year-on-year.
By country of origin, the United States remained the largest source of remittances, accounting for 39.7% of the total, followed by Singapore (7.3%), Saudi Arabia (6.4%), Japan (5.1%), and the United Arab Emirates (4.6%).
For the first four months of 2026, cash remittances grew by 2.6% to USD 11.4 billion compared with the same period a year earlier. Meanwhile, personal remittances—which cover bank transfers, informal channels, and in-kind transfers—increased by 2.1% to USD 3.04 billion from USD 2.97 billion a year ago.
